June 18, 2023 – Macquarie Group Ltd., a leading Australian multinational investment bank and finance company, has recently raised its holdings in semiconductor company MaxLinear Inc. by 2.2%. According to the company’s latest disclosure with the U.S. Securities and Exchange Commission (SEC), it now owns 2,318,751 shares of MaxLinear’s stock, adding up to approximately $78,722,000 at the end of the most recent reporting period.
MaxLinear (NYSE:MXL) is a global provider of integrated and radio frequency (RF) analog circuits for broadband communication and digital TV markets worldwide. On April 26th earlier this year, the semiconductor firm released its quarterly earnings report stating that it had outdone analyst estimates by posting an EPS of $0.45 per share. This figure exceeded the consensus estimate of $0.33 by $0.12, instilling hope among investors.
The financial results…
